US-China trade war clouds global economic outlook as ‘new normal’ emerges

Following renewed trade tensions between the United States and China, global economic policy-makers at the International Monetary Fund (IMF) and World Bank highlighted that this friction is reshaping the global economic baseline. While growth remains resilient in some regions, structural risks including high debt levels, non-bank financial institution stress and fragile trade linkages are growing. The remarks reflected quickly evolving sentiment at key international meetings.